ShellNews.net: Shell alleged fraudster Rob Routs appoints new Country Chairman of Shell South Africa

EXTRACT: Shell Executive Director Rob Routs is a named defendant in a number of class action lawsuits relating to the Shell reserves fraud. Shell has already agreed to settle some of the lawsuits, including one brought by its USA employees.  Shell has also set aside half a billion USD to settle a global consolidated lawsuit which has been facilitated with the involvement of ShellNew.net in conjunction with the New York based law firm acting for the lead plaintiffs. The total cost of the reserves fraud to Shell shareholders, bearing in mind money already earmarked for settlements, plus fines already paid to the financial regulators, the SEC and the FSA, for fraud and fooling the markets, is over $750 MILLION USD. 

Royal Dutch Shell plc has appointed Monwabisi Fandeso (47) to head its various businesses in South Africa. In his new role, Fandeso will be the Country Chairman for Shell South Africa and the Vice President of Sales and Operations for the South region of Shell Oil Products Africa. He will be based at Shell’s newly built head offices in Bryanston.

Identified by recruitment specialists last year as one of South Africa’s top future business leaders, Fandeso is currently the Operations Director of SABMiller’s Africa and Asia business. He takes up his new role at Shell on the 16th of October

“We are delighted that Monwabisi Fandeso has agreed to join Shell,” says Rob Routs, Executive Director in charge of Shell’s global downstream business. “He brings with him a wealth of experience and skills in operations management and people management.”

Fandeso, who holds a B Sc (Hons) in Mechanical Engineering from the University of Wales, and an MBA from the Wharton School of Business, has an impressive track record as a product manager, operations director and general manager. In 2001, he accepted a secondment to the Land Bank, where he worked as Managing Director before returning to the SABMiller Group in 2004.

Paddy Milner, acting Country Chairman of Shell SA, and Vice President of Manufacturing, Supply & Distribution for Shell Oil Products Africa, is confident that Fandeso will be very happy at Shell. “Not only will he be supported by a highly capable management team, but we are also going through one of the most exciting and challenging times in the history of Shell South Africa.”

Shell Executive Director Rob Routs is a named defendant in a number of class action lawsuits relating to the Shell reserves fraud. Shell has already agreed to settle some of the lawsuits, including one brought by its USA employees.  Shell has also set aside half a billion USD to settle a global consolidated lawsuit which has been facilitated with the involvement of ShellNew.net in conjunction with the New York based law firm acting for the lead plaintiffs. The total cost of the reserves fraud to Shell shareholders, bearing in mind money already earmarked for settlements, plus fines already paid to the financial regulators, the SEC and the FSA, for fraud and fooling the markets, is over $750 MILLION USD. 

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